Advertisement
Business

Cear laments slow business

Advertisement

By Stevie Chauluka:

Railway company, Central East African Railways (Cear), has said it registered slow business in the second quarter of the year, due to among other things, uncertainty engulfing the local economy.

Cear Financial Manager, Christina Chithila, told journalists in Blantyre on Thursday that the poor performance is due to economic instability in the last three months.

Advertisement

“In this quarter, we have managed to transport 104 tonnes of cargo compared to 115 tonnes that we transported the same time last year. This is even lower than our targets.

“Most of our clients that promised to us ferry their cargo withdrew at the last minute and, in some cases, we were looking for different cargo than what we budgeted for,” Chithila said.

She, however, said the company has done well in ferrying passengers in this second quarter.

Advertisement

“On passengers, we have improved a lot including changing the transit time. We used to take 12 hours to travel from Blantyre to Balaka- Nayuchi and back but now that journey is only taking six hours. We have also bought new and safe coaches where people are able to sit on comfortable chairs and we see a lot of people coming to travel with us,” she said.

Chithila said the company expects to do better in the coming months.

Facebook Notice for EU! You need to login to view and post FB Comments!
Advertisement
Tags
Show More
Advertisement

Related Articles

Back to top button
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker